Credit Spread — ICE BofA US High-Yield Option-Adjusted Spread
The extra yield investors demand to hold junk-rated corporate bonds over Treasuries — a real-money credit-market gauge of risk appetite and recession risk. This is a public FRED/ICE BofA index (BAMLH0A0HYM2), not a Quantustik forecast model: no forecast band is applied to this series.
Current ICE BofA US High-Yield OAS: 2.73% (tight). 11th percentile of its own trailing history. -0.02pt over 30 sessions.
Frequently asked questions
- What is a credit spread?
- The extra yield investors demand to hold a riskier bond instead of a comparable-maturity Treasury. Widening spreads price in more default/recession risk; narrowing spreads price in less. Educational research; not investment advice.
- How is the HY OAS figure calculated?
- It is the Option-Adjusted Spread of the ICE BofA US High Yield Index over the U.S. Treasury spot curve, computed by ICE Data Indices with an option-pricing model that nets out the value of embedded options (chiefly call provisions) common in high-yield bonds, isolating the pure credit/liquidity risk premium.
- Where does this data come from?
- FRED series BAMLH0A0HYM2 (ICE BofA US High Yield Index Option-Adjusted Spread), published by the Federal Reserve Bank of St. Louis, sourced from ICE Data Indices, LLC. Free and keyless; refreshed every 12 hours.
- Is this a Quantustik forecast?
- No — unlike the S&P 500, VIX, and Fear & Greed leaves, this page shows the public index level and history only. No forecast model or confidence band is applied to this series.
Educational research only — not investment advice.